by admin_h | Feb 12, 2021 | Investment, Landlords, News, Property, Property Development
Interest rates drop, again. Local home loan rate offers continue to fall. HSBC has cut rate offers sharply for fixed one year and 18 month home loans to 1.99%. That matches Heartland Bank’s online offer for one year, and makes the HSBC 18 month offer the...
by admin_h | Feb 10, 2021 | Investment, Landlords, News, Property, Property Development
RBNZ targets residential property investors with new high LVR restrictions The Reserve Bank (RBNZ) is cracking down on bank lending to residential property investors, announcing it’ll reinstate tougher loan-to-value ratio (LVR) restrictions than were in place last...
by admin_h | Jan 14, 2021 | Investment, Landlords, News, Property, Property Development
"Incredibly high" house prices to "press higher" over 2021 Other banks are expected to follow Westpac’s new 2.29% mortgage rate, and ASB economist Chris Tennent-Brown says he’s expecting already high prices nationwide to “press a bit higher” over the next six to 12...
by admin_h | Jan 12, 2021 | News, Property
Westpac mortgage rate drops again Westpac has launched a new ‘special’ one year fixed-term rate of 2.29% per annum – one of the lowest one-year terms currently being offered on the market. The rate is the lowest being offered among New Zealand’s main...
by admin_h | Dec 15, 2020 | Investment, News, Property
Deposit criteria doubles: 40% now required The country’s largest home lender ANZ says from now it will require investors to have 40% deposits. This goes further than the recommendations of the Reserve Bank, which is moving to have 30% deposits for...
